Deals & Client Wins Maples Delivers the First Cayman Islands DIP Finance Scheme of Arrangement
09 Nov 2018
The injection of finance meant that an imminent fire sale of the underlying collateral (a Marshall Islands flagged drill ship) was avoided and creditors have been given the chance of achieving a better return in the future. This is one of the first times a scheme has been used to provide DIP rescue finance and may signal the start of a new trend in light of the Noble decision from the English High Court which followed hot on the heels of Schahin.
The Cayman Islands team was led by partner Caroline Moran and of counsel Nick Herrod, with associates Christian La-Roda Thomas and Ryan Hallett.
The US team was led by partner Tim Graulich and associates Stephen Piraino and Natasha Tsiouris of Davis Polk & Wardwell LLP.
The Maples Group has continued its recent wave of expansion with the appointment of two highly experienced professionals to its global team. Benoit (Ben) Sansoucy and Colin Nestor will both serve as independent directors, based in the Cayman Islands, providing specialist fiduciary services to a broad range of alternative investment vehicles.Read more
10 Apr 2019
The Maples Group is advising Careem Inc. ("Careem") on the sale of substantially all of its business to a subsidiary of Uber Technologies, Inc. ("Uber") for consideration totalling approximately US$ 3.1 billion comprising a mixture of cash and notes convertible into shares of Uber.Read more
08 Apr 2019
Maples Group's legal services team successfully defend an appeal brought before the Judicial Committee of the Privy Council.Read more
08 Apr 2019
The Maples Group's legal services division announces the appointment of eight new partners and seven of counsel across its global offices.
03 Apr 2019
The Maples Group's legal services division in Dublin is pleased to announce the appointment of four partners and a new Head of Employment.Read more
21 Mar 2019